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Pré-Publication, Document De Travail Année : 2023

Environmental democracy in the Western Balkans between dependent capitalism and integration into the European Union, OIIP, WB2E

Nebojsa Vukadinovic

Résumé

Since the 1990s, following pressure from environmental movements, the question of the consequences of competitiveness on the environment has led to economic studies that take environmental issues into account. Among these, the “Michael Porter hypothesis” places the environment at the service of productivity and competitiveness . Here, regulations and standards are central because they push companies to transform their production methods and would have beneficial effects on the environment. Michael Porter's hypothesis is thus based on performance and profits from changes in production methods. Even if according to this assumption the winners are on both sides, environment and companies, in the end, there are all the same “winners and losers”. In the case of Western Balkans countries, the introduction of European regulations and standards has been topical in recent years. During this period, the priority is placed on rapid privatizations, the closure of many unprofitable companies as well as banks. The relationship between savings and productive investment disappears completely. During the last two decades, the focus was on FDI (Foreign Direct Investment) which does not arrive at the expected level. Thus, privatizations was mainly for the benefit of people enriched during the previous period and regimes of 90s. However, during the last decade, Chinese investments as well as Gulf countries, Turkey and the arrival of some multinational companies from different countries have changed the situation. A dependent capitalism has emerged in the Western Balkans particularly as a result of increased dependence on foreign investment.
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Dates et versions

hal-04046419 , version 1 (25-03-2023)

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  • HAL Id : hal-04046419 , version 1

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Nebojsa Vukadinovic. Environmental democracy in the Western Balkans between dependent capitalism and integration into the European Union, OIIP, WB2E. 2023. ⟨hal-04046419⟩
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